Guideline Value for Pallikooda Street

Pallikooda Street guideline value

The current guideline value of Pallikooda Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur_B village under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of Pallikooda Street has changed

The guideline value for Pallikooda Street has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are from the 2023 revision at Rs 200 per sq.ft, which increased to Rs 300 per sq.ft in the 2024 revision, marking a change of +50%.

Prior to the 2023 revision, the guideline value for Pallikooda Street was not recorded in the register for the aforementioned years. The significant increase from Rs 200 to Rs 300 reflects the latest adjustments made in the 2024 revision.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, placing Pallikooda Street's current value below that median.

• Perumal Kovil Street: Rs 850 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 850 per sq.ft (2024)
• New Andal Nagar: Rs 300 per sq.ft (2024)
• Punitha Valanar Street: Rs 400 per sq.ft (2024)
• mother Therasa Nagar: Rs 300 per sq.ft (2024)
• Rajaveethi: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Pallikooda Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total charges to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallikooda Street?

The Sub Registrar Office that covers Pallikooda Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Santhavellur_B

The guideline value plays a crucial role when buying or selling property in Santhavellur_B. It serves as the basis for calculating stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When registering a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the registration process is transparent and aligns with the current market standards as set by the Registration Department.

Frequently asked questions

What is the current guideline value of Pallikooda Street?

The current guideline value of Pallikooda Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pallikooda Street has changed from Rs 200 per sq.ft in 2023 to Rs 300 per sq.ft in 2024, reflecting a +50% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Santhavellur_B?

The median guideline value in Santhavellur_B is Rs 400 per sq.ft. Pallikooda Street's current guideline value is below this median.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000.

Where can I find the Sub Registrar Office for Pallikooda Street?

The Sub Registrar Office for Pallikooda Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.